Analysis: Indonesia-to-Africa 'resource nationalism' – reshaping the supply chain
Top dollar to be made
© Vladimir Serebryanskiy
Having tabled a $6.3bn bid for OOCL, it seems Cosco has not ended its shopping spree. Splash 24/7 reports that senior management at the Chinese shipping line is “studying” merger and acquisition opportunities amid a revival in the sector. And the carrier’s managing director, Liu Gang, claims Cosco has cash reserves in the region of $973m that it will use towards these purchases.
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